Of course, building strong networks on the social networks you participate on is going to help you get more people to share your content.

An active participant can't take any losses against his ordinary income if he makes over $150,000 so he could be carrying even more paper losses forward every year.

The hypothetical you gave just isn't that realistic in my experience, the spread between the rent floor for a bare bones apartment and the cap for a rental home just aren't far enough apart.

You will need a drawing set but it will only need to be the bare minimum to get through the permitting process.

They were not yellow letters but they worked. 13 leads seems like barely scratching the surface but let us know the outcome of your yellow letter campaign and follow up calls.

Also, if you materially participate in the rental activity, you can take up to $25k of the passive activity loss as a deduction against ordinary income - unless, your AGI exceeds a certain threshold: $100k it starts to phase out, and at $150k it's gone.See IRS Publication 925: http://www.irs.gov/publications/p925/index.html

This is by far the best place for real estate education and networking with real professionals from all levels participating in the market.

Barely worth it this year.

EDIT: One thing to add is that even though in your case it is the School District initiating the appeal, their friends from the county and the local municipality are also allowed to participate, and might help out the School District since they all benefit if your assessment rises.

Thanks for introducing yourself, and I hope you'll jump in and participate here on the site.